Virginia
Businesses in the News
Real
Estate
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the Record is
compiled from company releases, business
journals and newspaper reports from around
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For the Record
Virginia Business Magazine
P.O. Box 85333
Richmond, VA 23293
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First Potomac Realty Trust,
a Bethesda, Md.-based real estate investment trust,
purchased Virginia Center in Glen Allen
from Principal Life Insurance Company for $9.5
million. A single-story flex property, it totals
119,672 square feet and is 63% leased. (Business Wire)
Hargrove, Brockwell &
Associates, an architecture, engineering
and interior design firm, signed a lease for
16,624 square feet of office space at One
Columbus Center in Virginia Beach. (Press release)
Liberty Property Trust,
a Malvern, Pa.-based real estate company, purchased
the Airport Building Center, a 65,000-square-foot
flex building in Virginia Beach. The facility
is 100% leased. The sale was part of a $60 million
investment in nine properties in the Mid-Atlantic
region. (PRNewswire)
Penzance Properties,
a private investor in the Washington, D.C. area,
purchased a five-story Class A office building
on Pender Drive in Fairfax from Archon Group
for $14.4 million The facility totals 99,162
rentable square feet and is 94% leased. (Press release)
